WEB - Webjet

[Leemsip]

I also love WEB. Bought in but didnt really understand until recently that WEB beds is most of the rev.
Long term winner here with great margins.

Thanks for the info on the bonds, didnt know that.

[Muse]

aye - regarding the bonds - the best way to look at its PE multiple is to do it on a fully diluted basis by assuming 100% of the bonds convert to equity... IE the $ face value of bonds divided by ~$6.25 per share equals the new number of ordinary shares that will most likely be issued. add that to the existing number of shares to get total "in the money" diluted shares, multiply that by the spot price to get a fully dilluted mcap, and divide by consensus NPAT. have that down somewhere will post later.

edit - the fully diluted mcap maybe relevant for EV/EBITDA multiples but need to have a look and think about fully diluted PE multiples. either way, a big whack of shares will be available to be issued from april this yr.

[Leemsip]

hmmm, might be some selling pressure off the back of this.

[Muse]

WebBeds investor presentation - broken through A$8/share and up 5.5% today.
https://cdn-api.markitdigital.com/ap...87223-3A639166

[Leemsip]

WEB going gang busters today. Love to see it